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CSFB Terminates its contract to raise Venture Capital Fund in Montana

Carroll South from the Board of Investments sent a letter from CSFB saying that CSFB is terminating its contract to find venture capital investment in Montana.

CSFB was trying to come up with additional money to match the $25 million put up by the Board of Investments to create a venture fund focused in our region. A copy of the letter is attached and posted on the Economic Affairs Committee website under SB 133 and Venture Capital Followup.

Full Story: http://www.matr.net/files/CSFBDissolution.pdf

Previous Stories:

Morrison Congratulates Board of Investments – $25 Million Investment For Venture Capital In Montana http://www.matr.net/article-12389.html

Drawing in the dollars – What would be the best way for the state to foster economic development in Montana? http://www.matr.net/article-10831.html

Oregon State $100 Million Fund of Funds Venture Investment Allocations Stay Local http://www.matr.net/article-14669.html

High court doubtful about challenge to state tax incentives to companies that expand their investments in the state. http://www.matr.net/article-18463.html

Montana Needs to Develop a More Robust and Active Funding Environment for Entrepreneurs and Startups http://www.matr.net/article-17845.html

Senate Bill 511 Veto upheld by a 71 to 70 split. It was specifically aimed at early stage investment in privately-held, small Montana corporations. http://www.matr.net/article-14856.html

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